Mortgage rates are at record lows right now and CitiMortgage is offering a special promotion for closing on a purchase loan with the bank. CitiMortgage's Advantage provides customers with 0.75% of the loan amount (up to $22,500) as a credit that can be used to offset closing costs or discount points. This offer is available for purchase loans, not for refinance loans. Combine this offer with 30 year mortgage rates around 4.00% you can't go wrong buying a home right now.

CitiMortgage is offering a second promotion with the bank's On-time Closing Costs Guarantee. The bank guarantees to close on the mortgage loan by the date specified in your purchase contract. If your loan fails to close on time due to a delay by Citibank, you will receive a credit toward closing costs of $1,500. This offer is also only available for home purchase loans.

More information about both these deals can be found on Citibank's website here: CitiMortgage's Homebuyer's Advantage.

If you're searching for mortgage rates or refinance rates you can search our rate tables here: Mortgage Rates/Refinance Rates. Current average 30 year mortgage rates just hit an record low yesterday of 3.99%. You can read more about average mortgage rates below.

Mortgage Rates

Conforming Adjustable Mortgage Rates

1 year adjustable mortgage rates today are averaging 3.65%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.63%.

3 year adjustable mortgage rates today are averaging 2.97%, down from last week’s average 3 year adjustable mortgage rate of 3.18%.

5 year adjustable mortgage rates are averaging 2.99%, down from the prior week’s average 5 year adjustable rate of 3.25%.

Current 7 year adjustable mortgage rates are averaging 3.30%, up from the previous week’s average 7 year adjustable mortgage rate of 3.24%.

10 year adjustable mortgage rates currently are averaging 3.59%, an increase from last week’s average 10 year adjustable rate of 3.55%.

Adjustable Jumbo Mortgage Rates Current

Current 1 year jumbo adjustable mortgage rates are averaging 4.05%, unchanged from last week’s average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates today are averaging lower at 3.55%, up from last week’s average 3 year jumbo adjustable rate of 3.39%.

5 year adjustable jumbo mortgage rates and refinance rates currently are averaging 3.21%, up from last week’s average jumbo adjustable rate of 3.10%.

7 year jumbo adjustable mortgage rates and refinance rates today are averaging 3.54%, up from last week’s average 7 year adjustable home loan rate of 3.42%.

10 year jumbo loan rates and refi rates are averaging 3.89%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 3.94%.

Conventional Interest Only Adjustable Mortgage Rates Today

3 year interest only adjustable mortgage loan rates and refinancing rates are averaging 3.21%, up from last week’s average interest only mortgage loan rate of 3.43%.

5 year IO adjustable loan mortgage rates and mortgage refinance rates are averaging 3.23%, up from last week’s average five year interest only mortgage rate of 3.18%.

7 year interest only adjustable mortgage rates and refinance rates are averaging 3.49%, up from last week’s average 7 year interest-only mortgage interest rate of 3.36%.

Today's Interest Only Jumbo Mortgage Rates

Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.76%, up from last week’s average jumbo adjustable interest only rate of 3.54%.

Current 5 year adjustable jumbo interest only rates are averaging 3.46%, down from last week’s average IO home mortgage interest rate of 3.47%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.73%, up from last week’s average jumbo 7 year home mortgage loan rate of 3.67%.

Home Equity Loan Rates Current

10 year home equity loan rates are averaging 6.60%, down from last week’s average home equity loan rate of 6.66%.

15 year home equity rates are averaging 6.58%, down from last week’s average home equity loan rate of 6.64%.

HELOC Rates Today